Agreement signed for USD6.33 billion Railway PPP project in Vietnam
Vietnamese infrastructure developer Deo Ca Group JSC has signed a joint venture agreement with Laos’ Petroleum Trading Lao (Petro Trade) Public Company to develop the Vietnam-Laos railway project.
The selected partner will be responsible to develop the railway line that spans 554.7 km, linking Vung Ang Port in the coastal province of Ha Tinh to Vientiane. In accordance with the agreement, Deo Ca Group and Petro Trade would spend VND27,485 billion (US$ 1.16 billion) to build a 103-km segment of the railway between Vung Ang Port and Mu Gia Pass in Quang Binh Province.
The VND149,550 billion (US$6.33 billion) project is anticipated to improve freight forwarding services between Vietnam and neighboring nations, particularly between Vung Ang Port and the commercial hubs in northern Laos and southern China.
Country news
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November 25, 2022
Partnership deal signed for USD150 million Airport PPP project in Laos
Korea Airports Corp. (KAC) has signed a partnership deal with the government of Laos to develop and expand the international airport in Luang Prabang, Laos.
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July 08, 2022
Government of Laos commissioned a feasibility study for USD5 billion Railway Project
The Government of Laos has commissioned a feasibility study for the development of a 452km long electrified rail link, part of the Laos-Vietnam Railway Project (LVRP).
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May 29, 2018
Laos to sign MoU for BOT expressway project
The coordinator of the Vientiane-Pakxe Expressway project in Laos, which is to be developed following a Build-Operate-Transfer model, has announced that the Ministry of Public Works and Transport will soon sign a Memorandum of Understanding (MoU) with four construction companies from Laos and China for planning and design works for the project.
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December 05, 2013
IFC seeks legal and technical consultant for road PPP project in Laos
The International Finance Corporation (IFC) is assisting the AIMS Government of Lao PDR (GoL) to select, through a transparent and competitive tender, a private investor/developer that will develop and improve the safety of the key arteries or roads, 13S (131 km) and 13N (136 km) in and out of Vientiane. Read more -
April 02, 2014
Laos approves two road PPP projects
Laos' Ministry of Public Works and Transport has approved plans for two road public private partnership (PPP) projects as pilot for other future privately financed projects. Read more
